Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
1292
¥ million (estimated amount of loss on reversal of foreign currency translation adjustment)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Share transferCounterpartyＭＳアセットマネジメント株式会社
Disclosing companyDaikokuya Holdings Co.,Ltd.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Date of board resolution27 March 2026
Contract Date27 March 2026
Execution Date / Effective Date27 March 2026
Target company
Pawnbroking business; purchase and sale of used jewelry
Location London, UKShare capital £1 thousandDate of incorporation 30 November 2001
Net Sales— million yen (fiscal year ended March 2025)
Operating profit— million yen (fiscal year ended March 2025)
Net income for the current fiscal year¥18 million (fiscal year ended March 2025)
Net assets△¥328 million (fiscal year ended March 2025)
Consideration and expenses
Acquisition price¥3 (transfer price)
Type of ConsiderationCash (transfer price: ¥3)
Amount of extraordinary income (loss)Gain on debt forgiveness of ¥79 million (Company-only results), loss on reversal of foreign currency translation adjustment of ¥1,292 million and gain on liquidation of affiliates of ¥163 million (consolidated results for the fiscal year ending March 2026)
Impact on Business Performance
In the consolidated results for the fiscal year ending March 2026, the Company expects to record a loss on reversal of foreign currency translation adjustment of ¥1,292 million and a gain on liquidation of affiliates of ¥163 million as special gains and losses. The impact is currently being reviewed in detail and will be disclosed once determined.
Procedures and assumptions
Management structure after acquisitionThe SFL Group will be excluded from the Company's consolidated accounts. The corporate name, representative and treatment of employees are Not disclosed
| Item | Details |
|---|---|
| Transaction name | Share transfer |
| Counterparty name | ＭＳアセットマネジメント株式会社 |
| Name of the Subject Company | SPEEDLOAN FINANCE LIMITED Group |
| Business Description of the Subject Company | Pawnbroking business; purchase and sale of used jewelry |
| Location of the Subject Company | London, UK |
| Capital Stock of the Subject Company | £1 thousand |
| Date of Establishment of the Subject Company | 30 November 2001 |
| Net Sales of the Subject Company | — million yen (fiscal year ended March 2025) |
| Operating Profit of the Subject Company | — million yen (fiscal year ended March 2025) |
| Net Income of the Subject Company | ¥18 million (fiscal year ended March 2025) |
| Net Assets of the Subject Company | △¥328 million (fiscal year ended March 2025) |
| Acquisition price | ¥3 (transfer price) |
| Type of Consideration | Cash (transfer price: ¥3) |
| Voting rights ownership percentage | Before 100.0% → after 0.0% |
| Amount of extraordinary income (loss) | Gain on debt forgiveness of ¥79 million (Company-only results), loss on reversal of foreign currency translation adjustment of ¥1,292 million and gain on liquidation of affiliates of ¥163 million (consolidated results for the fiscal year ending March 2026) |
| Impact on Business Performance | In the consolidated results for the fiscal year ending March 2026, the Company expects to record a loss on reversal of foreign currency translation adjustment of ¥1,292 million and a gain on liquidation of affiliates of ¥163 million as special gains and losses. The impact is currently being reviewed in detail and will be disclosed once determined. |
| Date of board resolution | 27 March 2026 |
| Contract Date | 27 March 2026 |
| Execution Date / Effective Date | 27 March 2026 |
| Management structure after acquisition | The SFL Group will be excluded from the Company's consolidated accounts. The corporate name, representative and treatment of employees are Not disclosed |
Items this document does not state (12)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company had decided in 2019 to withdraw from the UK business because its business improvement measures had not produced results and Brexit was anticipated. It subsequently proceeded with the reorganization of the business and considered potential transferees, and transferred the shares after reaching an agreement with ＭＳアセットマネジメント株式会社.
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